XPO Logistics, Inc. (NYSE:XPO) released its quarterly earnings data on Tuesday. The transportation company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02, Bloomberg Earnings reports. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the previous year, the business earned $0.41 EPS. XPO Logistics’s revenue was up 4.7% compared to the same quarter last year.
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A number of research firms recently weighed in on XPO. J P Morgan Chase & Co lifted their price objective on shares of XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a research note on Thursday, October 12th. KeyCorp reiterated a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a research note on Thursday, October 12th. Barclays PLC lifted their price objective on shares of XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Finally, Credit Suisse Group lifted their price objective on shares of XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. XPO Logistics currently has an average rating of “Buy” and an average target price of $70.13.
XPO Logistics Company Profile
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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